Should I refinance my student loans now or later? SO is in school another year with ~$100k in federal unsubsidized loans, at an average of 6.5% APR, 10 year term.

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100% yes. Look at private banks that offer student loan refinancing, some are usually under the radar low with super low rates. I went to first republic bank and got 2.6% on 42k. They had minimal requirements, but I just checked and they stopped their refi program last month...you can always look at SoFi and other online lenders around 3%

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Yes. My rate is at 1.6%

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I would wait because federal loans are currently at 0% interest due to COVID.

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It is a risk, but consider variable rate. I can’t envision fed raising rates in 2 yrs

Thanks, all. Can I refinance now, even if we aren’t going to begin making payments for another year? And should I do it right now with federal loans being delayed?

I would say wait until at least September since that’s when the current deferment period is set to finish. If it gets extended keep waiting it out and once interests on fed loans kick back in, then refinance.

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Use credible.com and nerdwallet.com to get an idea.

I just got approved for 2% for one the lenders included on there.

Rates are as low at 1.99%. Enter some info on those sites and take a look at the ranges. This is specifically variable rates. Father Powell will is committed to keep rates low through 2022 so it's likely that this remained low

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